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 May 16, 2018 - 8:42 AM EDT
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Futures Little Changed After Tuesday Drop

Futures Little Changed After Tuesday Drop

U.S. stock index futures pointed to a little changed open on Wednesday a day after the major index posted sharp losses on the back of rising interest rates.

Futures for the Dow Jones Industrial Average faded 11 points to 24,649

S&P 500 futures dipped 0.75 points to 2,708.25, while futures for the NASDAQ composite index eked up 1.75 points to 6,892.25

On the earnings front, Tencent, Macy's and Burberry are among the major companies expected to release their latest figures before the opening bell. Cisco Systems and Take-Two Interactive are poised to report earnings after the bell.

In data, housing starts and industrial production data for April are both scheduled to be released on Wednesday morning.

In Japan, the Nikkei 225 fell 0.4%, while in Hong Kong, the Hang Seng index sank 0.1%.

Oil prices faded 33 cents to $70.98 U.S. per barrel.

Gold prices slipped $4.10 to $1,286.20 U.S. an ounce.

Source: Livemoney (May 16, 2018 - 8:42 AM EDT)